Kelt Exploration (KEL) Announces Quarterly Earnings, Misses Estimates By $0.03 EPS
Kelt Exploration (TSE:KEL) posted its quarterly earnings results on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.03, American Banking News.com reports.
A number of analysts have recently weighed in on KEL shares. Analysts at Paradigm Capital raised their price target on shares of Kelt Exploration from C$16.00 to C$18.00 in a research note on Tuesday, June 17th. They now have a “buy” rating on the stock. On a related note, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Kelt Exploration in a research note on Tuesday, June 17th. They now have a C$17.00 price target on the stock, up previously from C$16.00. Finally, analysts at RBC Capital raised their price target on shares of Kelt Exploration from C$15.00 to C$17.00 in a research note on Tuesday, June 17th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Kelt Exploration currently has a consensus rating of “Buy” and an average price target of C$15.06.
Shares of Kelt Exploration (TSE:KEL) opened at 12.31 on Wednesday. Kelt Exploration has a 52 week low of $7.64 and a 52 week high of $15.61. The stock has a 50-day moving average of $13.93 and a 200-day moving average of $13.06. The company’s market cap is $1.508 billion.
Kelt Exploration Ltd., is a Canada-based oil and gas company. The Company is focused on exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia.
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